Your Corporation acquired real estate that contained land, building and equipment. The property cost $925,000....
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Your Corporation acquired real estate that contained land, building and equipment. The property cost $925,000. An appraisal of the property reported the following values: Land, $185,000; Building, $525,000 and Equipment, $350,000. What value will be recorded for the equipment? $350,000 $458,137 $305,424 O $161,439 $301,780 D Question 8 10 pts Your Corporation, a calendar-year company, acquired a new machine on January one, Year one The cost of the machine is $750,000, and the machine has an estimated useful life of 10 years (or 800,000 units of product). The machine has an expected salvage value of $60,000. The machine produced 75,000 units of product in Year one. What is depreciation expense using the double-declining balance method, for year one? $138,000 $ 69,000 $ 75,000 $150,000
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